2 Bar Reversal Indicator 3
This Old Kings indicator for MetaTrader 4 is called 2 Bar Reversal Indicator 3. Its name points to reversals against the current move. It draws arrows on the chart and can send alerts. It has 5 settings, for example MALength (default 2), Depth (default 10) and Signals Smooth (default 30). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT4 · v1.0 · Free
About 2 Bar Reversal Indicator 3
2 Bar Reversal Indicator 3 is an indicator for MetaTrader 4. It draws buy and sell arrows on the chart and can alert you with a pop-up, sound, email or push message. It has 5 settings, such as Ma length, Depth and Signals smooth. MQL source code included.
Files in the download: 2-bar-reversal-indicator.mq4.
Settings
| Setting | Default | What it does |
|---|---|---|
| Ma length | 2 | |
| Depth | 10 | |
| Signals smooth | 30 | |
| Smooth | 81 | |
| Price | PRICE_CLOSE |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Indicators.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: Buy/Sell Arrows · Alerts · MT4 Indicator · MQL4 Source Code